Omron 2001 Annual Report Download - page 24

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22 Omron Corporation
Sales by Company
(%)
2001
2000
40.3 19.8 23.9 9.46.6
38.7 19.8 23.1 7.7 10.7
Industrial Automation Company
Electronic Components Company
Social Systems Business Company
Healthcare Company
Others
Industrial Automation Company
Net sales for the Industrial Automation Company,
excluding intercompany transactions, increased 11.2
percent year-on-year to ¥239.2 billion, and represented
40.3 percent of total net sales. In Japan, factors
supporting the increase included strong IT-related
investment, growth in sales of Omron’s key control
components systems products, and the Company's
success in providing industrial IT solutions. Outside
Japan, sales for the fiscal year increased solidly in the
United States, although a slowdown in capital spending
centered on the semiconductor industry became
apparent in the second half. Results also improved in
Europe for the fiscal year, despite the impact of factors
that emerged in the second half including higher crude
oil prices and the appreciation of the Euro. In China and
elsewhere in Asia, continuing economic recovery
favorably influenced performance.
Electronic Components Company
Net sales for the Electronic Components Company,
excluding intercompany transactions, increased 7.5
percent year-on-year to ¥117.9 billion, and accounted for
19.8 percent of total net sales. In Japan, IT-related
demand lent strength to the electronic components
market, and sales of consumer and commerce (C&C)
components were firm. Outside Japan, the strength of
the U.S. economy in the first half of the fiscal year
supported the electronic components market, and
Omron benefited from its restructuring of marketing
bases. In China and elsewhere in Asia, the establishment
of marketing bases led to improved performance in the
C&C sector, including the home electronics industry.
Omron’s automotive components business benefited
from increased unit production among domestic auto
manufacturers. Outside Japan, new product
introductions drove strong sales growth, although sales
in Europe were affected by cooling demand in the United
Kingdom.
Social Systems Business Company
Net sales for the Social Systems Business Company,
excluding intercompany transactions, increased 10.4
percent year-on-year to ¥141.9 billion, and accounted for
23.9 percent of total net sales. Sales of electronic fund
transfer systems were affected by restraint in investment
among financial institutions, but drew support from
government demand for systems to handle Japan's new
¥2,000 note and ¥500 coin. Sales of multi-functional
terminals and equipment to handle debit cards also
increased. In the public transportation systems sector,
sales of equipment to railway companies rose sharply
due to the implementation of the PassNet system and
equipment purchases by Japan Railways Group
companies. Sales decreased in the traffic control and
road information systems business because of
restrained spending by local governments.
Healthcare Company
Net sales for the Healthcare Company, excluding